The announcement of market linked tariff fixation by Shipping Ministry is likely to expedite the bidding process for various public private partnership projects at various major ports in India. Private operators have been waiting for the new tariff guidelines and are eager to place their bids for projects including container terminals at Chennai, JNPT and bulk terminals at Kandla, Goa and Vizag Port.
While port authorities are optimistic about the benefits of the new tariff guidelines as it is likely to boost the attractiveness of major port projects for the private sector participation. The industry experts feel that it will create dichotomy of sorts and further complications is envisaged. New rules are applicable only to projects that will be awarded from August onwards, whereas the existing terminals would continue with the older tariff guidelines.
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